Telecom Argentina (NYSE:TEO) Shares Down 3.4% - Should You Sell?

Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s share price was down 3.4% on Monday . The stock traded as low as $10.99 and last traded at $10.93. Approximately 79,232 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 212,173 shares. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

TEO has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Telecom Argentina from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $10.00 to $13.00 in a research report on Tuesday, February 25th. Scotiabank increased their target price on Telecom Argentina from $6.10 to $6.20 and gave the stock a "sector underperform" rating in a report on Thursday, March 13th.

Telecom Argentina Stock Down 1.4 %

The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.50 billion, a P/E ratio of -58.00 and a beta of 0.99. The firm's 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.10.

Telecom Argentina (NYSE:TEO - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.47) by $0.64. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.19 billion. Equities research analysts forecast that Telecom Argentina S.A. will post 1.28 EPS for the current year.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Telecom Argentina by 111.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,327,035 shares of the utilities provider's stock worth $29,297,000 after purchasing an additional 1,224,369 shares during the last quarter. Bosun Asset Management LLC acquired a new position in Telecom Argentina during the fourth quarter worth $1,031,000. JGP Global Gestao de Recursos Ltda. acquired a new stake in Telecom Argentina in the fourth quarter valued at $853,000. Freedom Investment Management Inc. acquired a new stake in Telecom Argentina in the fourth quarter valued at $577,000. Finally, Mariner LLC grew its position in shares of Telecom Argentina by 8.1% in the 4th quarter. Mariner LLC now owns 32,792 shares of the utilities provider's stock valued at $413,000 after acquiring an additional 2,467 shares during the period.

About Telecom Argentina

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.